Economic Downturn in China and Emerging Economies
First written in FY2017-Q2. 12 of 23 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 129 of 170 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「On the other hand, the outlook remains one that requires continued monitoring, given higher crude oil and raw material prices due to the escalating situation in the Middle East, as well as the ongoing depreciation of the yen and rising interest rates.」
As external economic risks, the Company cited the situation in the Middle East, crude oil and raw material prices, yen depreciation and rising interest rates as new sources of uncertainty. It also stated that there had been no significant changes in business and other risks. - FY2025WorsenedAnnual report
「The outlook for the global economy became more uncertain due to China’s stalled recovery and the impact of US trade policy, requiring closer monitoring of developments in the Japanese economy.」
The Company explicitly identified China’s stalled recovery and US trade policy as new external economic factors, stating that uncertainty surrounding the global and Japanese economies had increased. - FY2023-Q3WorsenedAnnual report
「During the nine months ended December 31, Japan’s economy showed signs of recovery as efforts to balance COVID-19 control with economic activity progressed. However, conditions remained challenging due to continued sharp fluctuations in foreign exchange rates, elevated raw material and fuel prices, and rising consumer prices.」
The Company stated that, although the economy showed signs of recovery, sharp foreign-exchange fluctuations, elevated raw material and fuel prices, and rising consumer prices continued, leaving the economic environment challenging. - FY2023-Q2WorsenedAnnual report
「During the six months ended September 30, social and economic activity in Japan began moving toward normalization as COVID-19 vaccinations became more widespread and restrictions on activities were eased. However, uncertainty remained due to the seventh wave of COVID-19, the prolonged situation in Ukraine, surging raw material and energy resource prices caused by the rapid depreciation of the yen, and reduced consumer appetite due to higher prices.」
In addition to the existing uncertainty surrounding infectious diseases and overseas economies, the Company cited the seventh wave of COVID-19, the prolonged situation in Ukraine, the rapid depreciation of the yen, surging raw material and energy resource prices, and reduced consumer appetite due to higher prices as new factors. - FY2023-Q1WorsenedAnnual report
「During the three months ended June 30, Japan’s economy remained uncertain due to the rapid depreciation of the yen, surging crude oil and raw material prices and concerns about the prolonged situation in Ukraine, although the number of new COVID-19 cases remained relatively low and signs of recovery were seen in personal consumption and corporate production activity.」
In addition to the existing uncertainty surrounding emerging-market and external economies, the Company explicitly cited the rapid depreciation of the yen, surging crude oil and raw material prices and the prolonged situation in Ukraine as new sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「During the nine months ended December 31, there were signs of economic activity resuming worldwide, particularly in Europe and the United States. However, surging raw material and fuel prices and the spread of COVID-19 put a brake on expectations for an economic recovery. In Japan, although vaccination against COVID-19 and the lifting of the state of emergency raised expectations for a recovery, the outlook remained uncertain due to the impact on economic activity of concerns about a resurgence of infections and the emergence of new variants.」
The Company stated that, despite expectations for economic activity to resume, surging raw material and fuel prices, a resurgence of infections and new variants put a brake on the economic recovery, and uncertainty about the outlook continued. - FY2021WorsenedAnnual report
「During the consolidated fiscal year, the global economy remained in an unpredictable situation, as the end of the spread of COVID-19 was still not in sight. In Japan, there were some signs of improvement after the state of emergency was lifted in May 2020, including a recovery in personal consumption and corporate production activity, but economic activity was forced to remain restricted following the issuance of 2 states of emergency.」
The Company described the situation in which the end of the spread of COVID-19 was not in sight and economic activity was restricted domestically by 2 states of emergency, indicating that external economic risks had expanded into actual restrictions on activity. - FY2021-Q3RestatedAnnual report
「Although the Japanese economy is expected to continue recovering, the uncertain environment is expected to persist due to the outlook for economic growth in Asian emerging markets and the impact of monetary policies in various countries.」
The Company reiterates its view that uncertainty will continue due to the outlook for economic growth in Asian emerging markets and the impact of monetary policies in various countries. - FY2021-Q1RestatedAnnual report
「Although the Japanese economy is expected to continue recovering, the uncertain environment is expected to persist due to the outlook for economic growth in Asian emerging markets and the impact of monetary policies in various countries.」
The Company reiterates its view that uncertainty will continue due to the outlook for economic growth in Asian emerging markets and the impact of monetary policies in various countries. - FY2020WorsenedAnnual report
「Although the global economy continued to recover gradually during the consolidated fiscal year, concerns about an economic slowdown persisted against the backdrop of US-China trade friction, and business sentiment in Japan entered a downturn. In addition, from the fourth quarter onward, the impact of the spread of COVID-19 widened, and conditions remained unpredictable.」
In addition to concerns about an economic slowdown against the backdrop of US-China trade friction, the Company described the downturn in business sentiment in Japan and the spread of COVID-19 from the fourth quarter onward, broadening the external economic factors contributing to uncertainty. - FY2020-Q3RestatedAnnual report
「Although the global economy continued to recover gradually during the nine months ended December 31, concerns about an economic slowdown persisted against the backdrop of US-China trade friction, and conditions remained unpredictable as business sentiment in Japan entered a downturn.」
The Company continued to cite concerns about an economic slowdown against the backdrop of US-China trade friction and the downturn in business sentiment in Japan. - FY2020-Q2RestatedAnnual report
「Although the global economy continued to recover gradually during the six months ended September 30, concerns about an economic slowdown persisted against the backdrop of US-China trade friction, and conditions remained unpredictable as business sentiment in Japan entered a downturn. Although the Japanese economy is expected to continue recovering, the uncertain environment is expected to persist due to the outlook for economic growth in Asian emerging markets and the impact of monetary policies in various countries.」
In addition to concerns about an economic slowdown against the backdrop of US-China trade friction, the Company continued to describe uncertainty arising from the growth outlook for Asian emerging markets and the impact of monetary policies in various countries. - FY2020-Q1RestatedAnnual report
「Although the global economy continued to recover gradually during the three months ended June 30, concerns about an economic slowdown persisted against the backdrop of US-China trade friction, and conditions remained unpredictable as business sentiment in Japan entered a downturn.」
The Company continued to cite concerns about an economic slowdown against the backdrop of US-China trade friction and the downturn in business sentiment in Japan. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the global economy remained in a situation where an economic slowdown was a concern, as economic conditions in China and Europe slowed against the backdrop of the United Kingdom’s withdrawal from the EU and US-China trade friction, while business sentiment in Japan was beginning to enter a downturn.」
The Company described the slowdown in economic conditions in China and Europe and the downturn in business sentiment in Japan against the backdrop of the United Kingdom’s withdrawal from the EU and US-China trade friction, specifying the factors behind uncertainty and the slowdown in the global economy. - FY2019-Q3WorsenedAnnual report
「Although business sentiment in Japan remained flat during the nine months ended December 31, economic conditions in China and Europe slowed due to the United Kingdom’s withdrawal from the EU and US-China trade friction, raising concerns about the impact on economic conditions in Japan and Asia.」
The Company specifically described the slowdown in economic conditions in China and Europe and concerns about spillover effects on Japan and Asia, against the backdrop of the United Kingdom’s withdrawal from the EU and US-China trade friction. - FY2019-Q2RestatedAnnual report
「Although business sentiment in Japan remained flat during the six months ended September 30, uncertainty about the outlook remained unresolved due to the impact of US-China trade friction on the Japanese economy and economic cooperation among Japan, China and South Korea.」
The Company reiterates its view that uncertainty about the outlook continues, citing US-China trade friction and economic cooperation in East Asia as specific factors. - FY2019-Q1RestatedAnnual report
「Although emerging-market economies and others showed signs of recovery, uncertainty about the outlook remained unresolved due in part to the impact of trade issues.」
The Company indicated that, although emerging-market economies are showing signs of recovery, uncertainty about the outlook continues due to the impact of trade issues. - FY2018WorsenedAnnual report
「Overseas, uncertainty about the outlook remained unresolved due to concerns about US-China trade friction, the impact of US interest-rate increases on emerging-market economies and conditions on the Korean Peninsula.」
In addition to the previously cited risk of economic downturns in China and Asian emerging markets, the Company explicitly cited US-China trade friction, US interest-rate increases and conditions on the Korean Peninsula, broadening the factors contributing to uncertainty in the global economy. - FY2018-Q3RestatedAnnual report
「Although some Asian emerging-market economies, including China, showed signs of recovery, uncertainty about the outlook remained unresolved.」
The Company reiterates its view that, although some Asian emerging-market economies are showing signs of recovery, uncertainty about the outlook remains. - FY2018-Q2RestatedAnnual report
「Although some Asian emerging-market economies, including China, showed signs of recovery, uncertainty about the outlook remained unresolved.」
The Company reiterates its view that, although some Asian emerging-market economies are showing signs of recovery, uncertainty about the outlook remains. - FY2018-Q1SoftenedAnnual report
「Although some Asian emerging-market economies, including China, showed signs of recovery, uncertainty about the outlook remained unresolved.」
The Company referred to signs of recovery in some Asian emerging-market economies. Although the wording was somewhat less severe than in the previous period, uncertainty about the outlook continued. - FY2017-Q3WorsenedAnnual report
「Uncertainty in the global economy increased due to economic downturns in Asian emerging markets, including China, resource-rich countries and the United Kingdom’s withdrawal from the European Union (EU), leaving the outlook uncertain.」
In addition to the previously cited economic downturns in China and emerging markets, the Company explicitly cited downturns in resource-rich countries and the United Kingdom’s withdrawal from the EU, noting increased uncertainty in the global economy. - FY2017-Q2First statedAnnual report
「The outlook remained uncertain due in part to risk factors including economic downturns in emerging markets, particularly China.」
For the first time, the Company explicitly identified economic downturns in emerging markets, particularly China, as a risk factor contributing to uncertainty about the outlook for the quarter.